The prices of Resorcinol in the export markets of Asian region has observed a slight decline in early January of 2026. The prices of Resorcinol was in decline across the global chemical value chains. The geopolitical development between the United States and Venezuela has started to reshape the sentiment of Resorcinol market. The conflict has brought crude oil into focus as the downstream market participants have reassessed risk premiums and future supply security. The prices of crude oil was under pressure due to earlier comfortable supply environment. The geopolitical stress has created an uncertainty in the downstream markets which were earlier stable and steady. The Resorcinol is a downstream aromatic chemical which is related to petrochemical cost structures. The export markets in Asia like Japan and China have entered in January with cautious price adjustments that was the result of softness in the procurement behaviour of crude oil. The escalated tensions between the US and Venezuela have begun to affect the forward strategies.
Selenis has effectively manufactured recycled PET chips using terephthalic acid sourced from Circ®, a textile-to-textile recycler based in Virginia. The chip production took place through a series of batches at Selenis' pilot plant in San-Giorgio, Italy. By utilizing inputs recovered from polycotton textile waste, Selenis has created high-quality PET chip, which has been further processed into DTY yarn. This yarn will play a crucial role in product development as Circ prepares for additional capsule launches. Selenis is leveraging the success of this initial collaboration phase and is committed to advancing towards an offtake partnership to support Circ's inaugural industrial facility.
Eduardo Santos, Head of Corporate Strategy at Selenis, remarked that the monomer synthesis showed a performance comparable to virgin terephthalic acid. He expressed optimism about the consistent quality of Circ's monomer output and anticipated future commercial success. Santos pointed out that the Circ partnership complements Selenis's existing mission and goals for a more sustainable textile industry. He further stated their anticipation of expanding upon this collaboration and providing support for Circ's forthcoming commercial production trials.
